John Challenger
John Challenger
Challenger, Gray & Christmas, with headquarters located in Chicago, Illinois, is the oldest executive outplacement firm in the US. It has offices throughout North America...
appears companies deciding fact labor merger serious trim
Now, ... it appears that companies are disregarding the fact that serious labor shortages persist, and are deciding to trim their workforces after a merger or acquisition.
ceo changes cuts followed further high job leading number top year
Changes at the top are typically followed by changes further down the ladder. However, the high number of job cuts this year could also be leading to CEO changes.
affected displaced economy good increased jobs nearly news rate workers
The good news for displaced workers as well as for the economy is that the jobs that are being affected the most by downsizing are still in demand, ... This is why the unemployment rate has not increased at nearly the same rate as job cuts.
asian companies continue driver growth scale situation
The Asian situation has been a real driver and should continue into 1999, as companies scale back their growth plans,
burned business convert full owners recession recovery staff temporary time
Business owners have been burned by the recession in the past, so they'll take on some temporary staff and then convert them to full time when they know the recovery is for real.
declining difference francisco global internet pay san sending technology work workers
There's no difference sending work from San Francisco to San Jose over the Internet than sending it from Bangalore to San Jose over the Internet, ... So there is going to be declining pay for technology workers in a global marketplace.
creates manifested novel problems themselves
It's novel enough that some problems haven't manifested themselves yet. Inevitably, it creates problems. It does create tensions in the workplace.
lucrative
You don't see them this lucrative very often. This is kind of off the charts.
associated coaster corporate current indicative lack ride roller trend
Job-cut announcements have been on a roller coaster ride this year. The lack of any discernible trend in corporate downsizing is indicative of the uncertainty associated with the current economy.
ends executives human industries resource skilled trying
Human resource executives and low-tech industries are at their wits' ends trying to find skilled personnel.
budgeting companies gives quickly regard relying respond
Relying on outsourcing gives companies more flexibility in regard to budgeting and allows them to respond more quickly to fluctuations in the economy,
continue cuts job light likely
Job cuts are likely to continue in the telecommunications industry, which is still not able to see the light at the end of the tunnel,
continuing daily emphasis equipment front health including job medical pages security several
Job opportunities are described on the front pages daily as new emphasis is put on several industries, including security, communications, defense, medical equipment and supplies, as well as continuing significant opportunities in health care,
benefits care gone health insurance number people worse
Benefits are much worse for part-time workers. The number of people without health care insurance has gone over 40 million.